1 October 2023
Cybersecurity threats are growing at astounding rates, and as a result, it’s no surprise that executives and boardrooms are discussing cybersecurity more seriously and frequently than ever. Even though organizations can invest infinite amounts of money and do so much to strengthen their cybersecurity, they cannot spend enough to be completely bulletproof. Therefore, it's important for organizations to prioritize and implement effective cybersecurity measures to mitigate potential risks. In addition to the most basic and obvious security solutions, such as firewalls, VPNs, and Anti-Virus/Anti-Malware, Framework highly recommends all organizations deploy email security solutions, multi-factor authentication, security awareness training, and mock phishing programs in their organization. Email security, MFA, and security awareness training are low-cost security solutions with a high-risk reduction relative to investment or excellent ROI. In this blog, we will explore in more detail why these solutions benefit businesses of all sizes and industries.
Email Security is a Must
Most modern employees live in their email, one of the most used vital business tools. Communication, collaboration, and information exchange all take place over email. Unfortunately, email has streamlined communications, but it has become an easy, preferred target for cybercriminals. Email is an ideal entry point for cybercriminals. With creativity and astonishingly simple, low-sophistication tactics, cybercriminals can phish their way into accessing critical systems and data. All organizations should invest in email security as part of their basic cybersecurity foundation. Here are some reasons businesses need an email security solution:
Leverage Multi-Factor Authentication (MFA)
Almost every company’s sensitive information is stored in password-protected software and systems. However, even complex passwords are insufficient to prevent cybercriminals from gaining access. Poor password behaviors and numerous other factors make the password only the first step to protecting this information. MFA is a process that requires users to provide two or more types of identification before accessing a system (for example, username & password plus entry of a code sent to a registered phone number or email). MFA adds another more effective layer of security to prevent unauthorized access to these systems and sensitive data.
Here are some reasons all businesses should leverage MFA:
Security Awareness Training & Mock Phishing Sharpens Defenses
While it's impossible to prevent all potential cyber threats, many effective security solutions are available for businesses of all sizes. Recognizing that no cybersecurity technology is foolproof is vital, so relying on your people is crucial as the first and last line of defense. While people can sometimes be weak in cybersecurity, the good news is that an educated and aware individual can be highly effective at recognizing and avoiding many threats. Investing in cybersecurity education and training for your team can significantly reduce your organization's risk of falling victim to a cyber-attack.
Security Awareness Training
Security awareness training educates employees about the harm cyber-threats can cause, best practice behaviors to remain secure, the telltale signs to help spot potential threats, and how to respond or react as an individual to maintain security. These solutions tend to be ultra-low-cost and are therefore well worth the proactive investment if they reduce the chances of cyber-attacks and data breaches.
Mock Phishing Campaigns
Mock phishing campaigns are a valuable extension of cybersecurity awareness training. These campaigns serve as a test to ensure that employees absorb and retain the information and encourage them to remain vigilant. By simulating real-life phishing attempts, employees can gain practical experience without suffering the devastating consequences of a successful attack. Through these simulations, employees learn how phishing scams operate, familiarize themselves with common tactics, and develop the confidence to recognize and avoid such attacks. Additionally, these campaigns help identify employees who need additional training, reinforcement, and accountability, allowing leaders to take appropriate action. While security awareness training is mandatory for compliance with regulatory frameworks, some industries and businesses may also require this training to comply with specific client, vendor, or insurance provider requirements.
Cyber threats are a real existential threat to businesses; unfortunately, the threat is growing. The most basic cybersecurity measures are far from enough to sleep well at night. Like any business investment decision, leaders must look to deploy investments to maximize return on investment. Maximizing cybersecurity ROI means reducing risk as much as possible relative to dollars invested. Email security software, MFA, and security awareness training are all low-cost security solutions. They offer a very significant risk reduction compared to the investment required. They will strengthen defenses, reduce the likelihood of breaches, improve productivity, help protect your reputation, enhance compliance, and save money in the long term. Framework recommends that all clients employ these solutions as part of the foundation of cybersecurity strategy.
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